AlphaQuest LLC Has $30,000 Stake in Celsius Holdings, Inc. (NASDAQ:CELH)

AlphaQuest LLC decreased its stake in shares of Celsius Holdings, Inc. (NASDAQ:CELH) by 94.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,140 shares of the company’s stock after selling 20,674 shares during the period. AlphaQuest LLC’s holdings in Celsius were worth $30,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. HM Payson & Co. increased its holdings in shares of Celsius by 122.2% during the 4th quarter. HM Payson & Co. now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 550 shares during the last quarter. S.A. Mason LLC increased its holdings in shares of Celsius by 100.0% during the 4th quarter. S.A. Mason LLC now owns 1,400 shares of the company’s stock valued at $37,000 after acquiring an additional 700 shares during the last quarter. GAMMA Investing LLC boosted its stake in Celsius by 185.7% during the 4th quarter. GAMMA Investing LLC now owns 1,714 shares of the company’s stock valued at $45,000 after purchasing an additional 1,114 shares during the period. Blue Trust Inc. boosted its stake in Celsius by 32.8% during the 4th quarter. Blue Trust Inc. now owns 1,786 shares of the company’s stock valued at $47,000 after purchasing an additional 441 shares during the period. Finally, Point72 DIFC Ltd bought a new stake in Celsius during the 3rd quarter valued at approximately $73,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Paul H. Storey sold 10,188 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $25.77, for a total transaction of $262,544.76. Following the completion of the sale, the insider now directly owns 45,297 shares of the company’s stock, valued at $1,167,303.69. This trade represents a 18.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joyce Russell sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $28.47, for a total value of $113,880.00. Following the sale, the director now directly owns 19,106 shares of the company’s stock, valued at $543,947.82. This represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on CELH. Needham & Company LLC increased their target price on Celsius from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. B. Riley restated a “buy” rating and set a $49.00 target price (up previously from $44.00) on shares of Celsius in a research note on Friday, February 21st. JPMorgan Chase & Co. began coverage on Celsius in a research note on Thursday, December 12th. They set an “overweight” rating and a $37.00 target price for the company. UBS Group decreased their target price on Celsius from $45.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, TD Cowen downgraded Celsius from a “buy” rating to a “hold” rating and decreased their target price for the company from $40.00 to $29.00 in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Celsius Price Performance

Celsius stock opened at $32.93 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of 74.84, a price-to-earnings-growth ratio of 2.90 and a beta of 1.90. Celsius Holdings, Inc. has a one year low of $21.10 and a one year high of $98.85. The business has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $28.77.

Celsius (NASDAQ:CELH) last posted its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.11 by $0.03. The business had revenue of $332.20 million during the quarter, compared to the consensus estimate of $326.07 million. Celsius had a return on equity of 51.89% and a net margin of 10.70%. Equities analysts anticipate that Celsius Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Celsius Profile

Celsius Holdings, Inc develops, processes, markets, distributes, and sells functional energy drinks and liquid supplements in the United States, Australia, New Zealand, Canadian, European, Middle Eastern, Asia-Pacific, and internationally. The company offers CELSIUS, a fitness drink or supplement designed to accelerate metabolism and burn body fat; various flavors and carbonated and non-carbonated functional energy drinks under the CELSIUS Originals and Vibe name, as well as functional energy drink under the CELSIUS Essentials and CELSIUS On-the-Go Powder names; and CELSIUS ready-to drink products.